Share purchase agreement: multiple individual sellers: non-simultaneous exchange and completion

Resource type: Standard document

Status: Maintained

Jurisdiction: United Kingdom

An agreement for the sale and purchase of shares in a private company by a single corporate buyer from multiple individual sellers where exchange and completion are not simultaneous. The consideration is cash payable in full on completion. There is a tax covenant incorporated in the agreement (rather than a separate tax indemnity).

For a share purchase agreement with a single corporate seller where exchange and completion are not simultaneous, see Standard document, Share purchase agreement: single corporate seller: non simultaneous exchange and completion.

For supplementary clauses which can be used in conjunction with this Standard document, see Supplementary clauses: share purchase agreement.

PLC Corporate. Employment provisions by PLC Employment, IP provisions by PLC IP & IT, pensions provisions by PLC Pensions with comments from Bamidele Sanya and Philip Goss of Linklaters LLP and property provisions by PLC Property. Pensions warranties drafted by Mayer, Brown, Rowe & Maw LLP and updated by PLC Pensions. Tax warranties drafted by PLC Tax and reviewed by McDermott Will & Emery.

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Resource ID: 3-107-5026
Products: PLC UK Corporate, PLC UK Corporate Firmstyle, PLC UK Law Department, Share Purchases, Share purchases
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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